Page 61 - RusRPTJun19

6.1.3 Budget dynamics - govt funding plans
Russia could sell another Eurobond this year denominated in euros or US dollars, the head of the Finance Ministry's debt department Konstantin Vyshkovsky told in an interview to Bloomberg on May 28.
In March the ministry tested the investor sentiment amid sanction risks and swiftly placed $3bn and €0.75bn worth of Eurobonds. This was the biggest Russian sovereign US dollar issue in six years. Total demand for both issues was high at $12bn.
The potential new issues would be smaller than the $3.9bn sold in March, Vyshkovsky said. The ministry could also cancel the plans to buy back Eurobonds this year because debt holder demands are too high. This year's
61 RUSSIA Country Report June 2019 www.intellinews.com